Competition for industrial net lease assets is so high, sellers are marketing their properties without price tags to see how far buyers will go to win the bid.
Based on IRR, listed REITs outperformed seasoned PERE funds by an average of 165 basis points per year and outperformed economic life funds by 186 basis points per year.
The firm, which provides short-term apartment rentals, plans to use the new funding to fuel expansion in cities including Miami, Madrid, Zurick and Berlin.
WeWork plans to begin trading on the New York Stock Exchange in mid-October, reports Bloomberg. All Storage is exploring the possibility of a sale, according to The Real Deal. These are among today’s must reads from around the commercial real estate industry.
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